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Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Global | Publication | September 2016
On 14 September 2016, the Brazilian tax authorities published the Normative Instruction (NI) Nr. 1,658 dated 13 September 2016 in the Official Journal of Brazilian Federal Executive. This NI amends Brazilian Tax Haven List that was first published in 2010. The changes adversely impacts the tax characterization of, amongst others, Irish leasing transactions and Austrian holding companies as of 1 October 2016. These changes are likely to impact multinational enterprises (MNEs) that invest in, or do business with Brazil.
The changes are likely to impact multinational enterprises (MNEs) that do business with Brazil as of 1 October 2016, amongst other in the following sectors:
The above is a selection of examples of impacted structures. However, this is not meant to be a complete overview. For more information on reviewing structures and solving potential exposures you can contact us.
The newly published NI 1,658/16 amends both the Blacklist and the Greylist as follows:
The changes are likely to impact multinational enterprises (MNEs) that do business with Brazil as of 1 October 2016, amongst other in the following sectors:
The above is a selection of examples of impacted structures. However, this is not meant to be a complete overview. For more information on reviewing structures and solving potential exposures you can contact us.
Publication
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Publication
Most incidents handled by our Norton Rose Fulbright cyber team originate from the customer’s service provider. In many cases it is the service provider’s systems, infrastructure and environment which proves to be the most vulnerable to cyber breaches and security issues.
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Canada and the European Union signed a Security and Defence Partnership (SDP), which formalizes a mutual intent to foster closer ties by establishing a framework for dialogue and cooperation across the full security and defence spectrum.
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